Monday, December 18, 2017 / by Susan Annis
Buyer Representation when Purchasing a Home
Importance of representation when buying a home
Buying a home is one of the largest transactions you will make in your life. The process can be stressful and tiring, but if handled the right way it can go smooth and be exciting! The way to make the process smooth and exciting is to have someone in your corner when buying that looks after your interests. The seller has an agent looking after theirs, you should be represented too. The great thing about this is almost every seller that lists their home for sale pays the commissions. It is important for buyers to realize that the seller is giving them a handout and saying we will pay for you to have someone represent you.
So, what does a good buyer's representative do for you when buying a home? The answer to this question could fill up an entire book but we would like to share some of the highlights starting with the contract. The basic Purchase and Sale Agreement is an eight-page legal document with plenty of rules and contingencies written in to protect the buyer and seller. Without representation a buyer is allowing an agent to fill out this form with the best interest of the seller in mind. The seller receives a run-down of all the timelines that must be met to avoid being in breach of contract and what all the legal jargon in the contract means. The agreement is then handed over to a buyer who then must figure out all of that on their own. A simple mistake may cause them to lose the sale or possibly receive legal ramifications for their errors. An experienced buyer’s agent like the three we have on Susan Annis’ team, however, will guide the buyer through each step of the process all the way through closing and beyond and remember in most cases the seller is picking up the bill for this.
The other two key highlights we want a buyer to understand is, how an agent can help them pick out the home that they will be happy with now and for many years to come as well as making sure the process through closing runs smooth. Not only can a buyer’s agent set appointments allowing for convenient viewing of multiple homes in one day, but they have a trained eye at spotting things that may be concerns immediately or at some point down the road. A good agent can research comparable sales in the area to ensure you are negotiating the right price. No one wants to pay for an inspection on a home only to find out later in the process that the home doesn’t appraise at the value you are under contract for. Finally, what really takes the stress off a buyer is a smooth transition from contract to closing and beyond. An experienced representative knows who to recommend for inspections, lenders, and closing attorneys to ensure this happens.
Susan Annis & Associates consists of a full team of Listing Agents, Closing Coordinator, Buyer’s Agents, New Construction Agents, and preferred Inspectors, Lenders, and Closing Attorneys. Our Buyer’s Specialists all have ten or more years of experience providing premier service. Most of our business is generated from past clients and their friends and family that refer us for our excellent service. Please keep Susan Annis & Associates in mind when buying your next home.
Susan Annis & Associates